508 W State St Madison, IN 47250
Property details
About 508 W State St
Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional rooms—perfect for bedrooms or office space—along with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don't miss your chance—schedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly.
Highlights
Summary
- MLS Number: 1680983
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: EXP Realty LLC
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$159,900
508 W State St
$1,899
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $62,900 | $1,258 |
| 2021 | $62,300 | $1,944 |
| 2020 | $97,200 | $- |
| 2018 | $93,000 | $- |
| 2017 | $91,700 | $- |
History based on county public records data.
Nearby schools
4
Anderson Elementary School
Public District PK-4
0.7 mi
•2325 Cherry Dr
7
Lydia Middleton Elementary School
Public District PK-4
1.7 mi
•714 W Main St
6
Rykers' Ridge Elementary School
Public District PK-4
3.6 mi
•2485 N Rykers Ridge Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,011. Most Madison, IN residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
NASCAR
Extreme Sports
Where do the neighbors shop?
Kmart
Dollar General
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Cracker Barrel
Little Caesars
What do the neighbors drive?
Buick
Ram
Chevrolet
What do the neighbors listen to?
Oldies
Classic Country
Adult Standards
Frequently asked questions
About 508 W State St
This home is located at 508 W State St in Madison, IN and zip code 47250. This 1,200 square foot home, which was built in 1974, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 3, 2025 and is currently priced at $159,900.
In March 2025, from all listings sold in Madison, IN there were more than 1 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Madison, IN increased by 22.2% between February and March 2025. Listings spent 92 days on the market in March 2025, and had a median list price of $209,950 during the same period.